HomeMy WebLinkAboutResolution - 2267 RESOLUTION NO. 2267
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF SAN JACINTO, CALIFORNIA,AUTHORIZING
AN AUTOMATED CLEARING HOUSE AGREEMENT BETWEEN THE CITY
AND
BANK OF HEMET
WHEREAS, the City Council has reviewed copies of the proposed Automated Clearing
House Services Agreement to be entered into by the City and Bank of Hemet; and
WHEREAS, the City Council has determined that its participation in the Bank's
Automated Clearing House Origination Services will be on the terms and conditions set
forth in the Agreement;
THEREFOR,IT 1S HEREBY RESOLVED:
1. It is in the best interest of the City to participate in the Automated Clearing House
Origination Services, such participation to be on the terms and conditions set forth
in the Agreement.
2, The Council authorizes and directs an authorized officer of the City, for and on
behalf of the City,to negotiate, execute and deliver the Agreement and any
renewals or amendments thereof, with such terms, covenants and conditions as
such officer or officers executing the Agreement on behalf of the City may
approve, such approval to be conclusively evidenced by the execution and
delivery of the Agreement.
3. The Council has considered the security procedures contemplated by the
Agreement, and finds such security procedures are commercially reasonable
procedures for verifying that a transmission file or other communication
purporting to have been issued by the City as originator is in fact a request of the
City. In reaching this deternwwion, the Council has considered the size, type and
frequency of Automated Clearing House Origination Services that the City
anticipates issuing to the bank.
4. The Council is aware that the Bank may have available alternative security
procedures that could provide a greater degree of certainty for verification of the
authenticity of Entries, and authorizes and directs an authorized officer of the City
to disclose to the Bank the size, type and frequency of Entries that the City
anticipates issuing to the Bank, to review alternative security procedures available
from the Bank, and to consent to and agree to the use of the security procedures
set forth in the Agreement as submitted to the Council only after determining that
such procedures are appropriate for the City, such determination to be
4�:a.. conclusively evidenced by the execution and delivery of the Agreement.
5. The Council authorizes an authorized officer in connection with the Agreement
(a) to initiate, cancel, conform or verify the authenticity of instructions two the
Bank for Automated Clearing House Origination Services, whether given orally,
electronically, written or by facsimile instruction;and(b) to designate one or
more persons, as he or she deems appropriate.
6. The Council authorizes an authorized officer in connection with this Agreement
to delegate any of the authorities granted him or her under this resolution to one
or more persons and to revoke any authorization granted to any such person, as he
or she deems appropriate.
7. The Bank is authorized to act and rely on this resolution until it actually receives
written notice of its amendment or revocation.
8. As used in this Resolution, the terms, "authorized officer of the City" shall mean
the following acting separately:
Title Name Signature
a. Interim Finance Director George 14. Kaenel
b. Acwuntant Ray Bouza
c. City Manager John F. Wager, Jr.
0
0
d. Mayor Patrick A. Williams
e, Vice Mayor Jim Ayres
APPROVED AND ADOPTED this 171h day August,2000
Ayes: Calrosn Buydos , Ayres, Conner, Good, and Williams
Noes: None
Abstain: None
Absent: None f �,
PW�
Mayor
ATTEST:
ity Clerk